Ballard Power Systems (BLDP) EV to FCF (2009 - 2026)
Ballard Power Systems' (BLDP) quarterly EV to FCF came in at 34.1 in Q2 2026, down 918.57% year-over-year from 4.17 in Q2 2025, and down 18.95% quarter-over-quarter from 28.67 in Q1 2026.
Analysis
Ballard Power Systems (BLDP) EV to FCF (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported EV to FCF for 18 consecutive years, with 34.1 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF fell 918.57% year-over-year to 34.1 in Q2 2026; TTM through Jun 2026 was 20.17, a 14533.73% decrease from a year earlier, with the FY2025 full-year figure at 5.02, down 479.18% from the prior year.
- EV to FCF was 34.1 for Q2 2026 at Ballard Power Systems, down from 28.67 in the prior quarter.
- Over five years, EV to FCF peaked at 15.3 in Q4 2025 and troughed at 63.4 in Q1 2022.
- A 5-year average of 9.57 and a median of 0.01 in 2024 frame the typical range for EV to FCF.
- Across the five-year window, EV to FCF soared 8590.32% in 2025 and slumped 918.57% in 2026, its largest moves.
- Over 5 years, EV to FCF stood at 14.31 in 2022, then sank by 96.72% to 0.47 in 2023, then sank by 138.41% to 0.18 in 2024, then soared by 8590.32% to 15.3 in 2025, then slumped by 322.83% to 34.1 in 2026.
- The last three EV to FCF figures came in at 34.1 (Q2 2026), 28.67 (Q1 2026), and 15.3 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bloom Energy | 77.62 Bn | 74.95 Bn | 355.57 Mn |
| 2 | Fuelcell Energy | 35.19 Bn | 34.53 Bn | -24.50 Mn |
| 3 | Ballard Power Systems | 706.87 Mn | 201.72 Mn | 4.08 Mn |
| 4 | Sunhydrogen | 93.29 Mn | 93.29 Mn | -45,724.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -34.10 |
| Mar 31, 2026 | -28.67 |
| Dec 31, 2025 | 15.30 |
| Sep 30, 2025 | -13.49 |
| Jun 30, 2025 | 4.17 |
| Mar 31, 2025 | 11.35 |
| Dec 31, 2024 | -0.18 |
| Sep 30, 2024 | 5.61 |
| Jun 30, 2024 | 0.20 |
| Mar 31, 2024 | -8.54 |
| Dec 31, 2023 | 0.47 |
| Sep 30, 2023 | 10.83 |
| Jun 30, 2023 | 11.28 |
| Mar 31, 2023 | -31.96 |
| Dec 31, 2022 | 14.31 |
| Sep 30, 2022 | -36.66 |
| Jun 30, 2022 | -28.85 |
| Mar 31, 2022 | -63.40 |
| Dec 31, 2021 | 72.92 |
| Sep 30, 2021 | -241.04 |